In September of 2020, your tiktok data privacy settlement prepaid mastercard is ready Trade Commission over allegations that the social media platform collected user data without their knowledge or consent. As part of the settlement, TikTok agreed to pay a $5.7 million fine and create a $5 million fund to reimburse users for any unauthorized charges made to their accounts. If you were affected by this data breach, you may be eligible for a prepaid Mastercard from the TikTok settlement fund. Here’s what you need to know about how to claim your card.
What is the TikTok Data Privacy Settlement?
The TikTok Data Privacy Settlement is a class action settlement that will provide $92 million in compensation to U.S. TikTok users for the unauthorized collection of their data. The settlement will also require TikTok to make changes to its privacy practices.
If you are a U.S. TikTok user, you may be eligible for a cash payment of up to $500 as part of the settlement. To claim your payment, you must submit a Claim Form online or by mail no later than December 31, 2020 your tiktok data privacy settlement prepaid mastercard is ready.
TikTok has also agreed to make changes to its privacy practices as part of the settlement. These changes include:
• Providing clear and conspicuous notice to users about how their data will be used;
• Obtaining express consent from users before collecting, using, or sharing their data;
• Implementing measures to protect the security and confidentiality of user data; and
• Giving users the ability to delete their account and data at any time.
Who is Eligible for the Settlement?
Only users who created an account on TikTok prior to the effective date of the settlement and reside in the United States are eligible for the settlement. If you do not have a TikTok account, you are not eligible for the settlement. If you have a TikTok account but live outside of the United States, you are also not eligible for the settlement.
How to Claim Your Settlement Payment
If you are one of the eligible TikTok users who filed a claim in the data privacy settlement, you should have received a notice in the mail with instructions on how to claim your settlement payment.
The first step is to go to the settlement website and click on the “Claim Form” link. You will then need to enter your personal information and verify your identity. Once you have done that, you will be able to select how you would like to receive your settlement payment – either by check or by prepaid Mastercard.
If you choose the prepaid Mastercard option, you will need to provide your mailing address so that the card can be sent to you. Once you receive the card, you will need to activate it and create a PIN. After that, you can use it just like any other debit card – use it anywhere Mastercard is accepted, make online purchases, withdraw cash from ATM machines, etc.
The funds on your card are yours to keep – there are no fees or expiration date associated with them. However, if you do not use the card within 12 months of receiving it, a $2 monthly service fee will be deducted from the balance until the card is used or the balance reaches zero.
When Will I Receive My Settlement Payment?
If you filed a claim in the TikTok data privacy settlement and your claim was approved, you will receive your settlement payment in the form of a prepaid Mastercard. Settlement payments will be mailed to the address you provided on your claim form. You should receive your settlement payment within 4-6 weeks from the date your claim is approved.
What If I Do Not Have a TikTok Account?
As of right now, the only way to receive the $5 Mastercard is to have a TikTok account. If you do not have a TikTok account, you will not be able to receive the Mastercard.
How to Object to or Exclude Yourself from the Settlement
If you’re not happy with the proposed TikTok settlement, or if you don’t want to be part of it, you can object to it or exclude yourself from it.
If you want to object to the settlement, you must do so by March 23, 2020. You can do this by:
Filling out and submitting an objection form, which you can get here.
Mail your objection form to the address listed on the form.
If you want to exclude yourself from the settlement, you must do so by April 22, 2020. You can do this by:
Filling out and submitting an exclusion form, which you can get here.
If you are a TikTok user in the United States, you may be eligible to receive a prepaid Mastercard as part of the TikTok data privacy settlement. You can check if you are eligible and claim your card by visiting the settlement website and entering your TikTok username. Once you have claimed your card, you can use it anywhere Mastercard is accepted. We hope this article has helped you understand more about the TikTok data privacy settlement and how to claim your prepaid Mastercard if you are eligible.